CoreLogic: Matua becomes second Tauranga suburb with median house values over $1 million 5 Apr, 2021 06:00 PM 6 minutes to read Matua has made the million-dollar list. Photo / File Matua has become the second Tauranga suburb to join the million-dollar club, according to a new house price report. CoreLogic's Mapping the Market 2021 report showed Matua has reached a median property value of $1 million. Meanwhile, the city's cheapest suburb, Parkvale (also known as Merivale) - topped the charts for growth in median values in the last 12 months, reaching $586,900. Senior property economist Kelvin Davidson said Mount Maunganui was the first suburb to crack the million-dollar mark just last quarter.